NEPA president Dan Oswald expects 2005 will continue 2004's growth trends.Dan Oswald, president of the Newsletter & Electronic Publishers Association, told NL/NL, "In my view, 2004 proved to be the best year that the specialized-information industry has seen in the last four or five. "Information companies have seemed to have recovered from the dot-com bust Refers to the years 2000 to 2002, when the bottom fell out of the dot-com industry and hundreds of dot-com companies went bankrupt. All the rest lost a huge amount, if not almost all, of their stock valuation. See dot-com bubble. and ensuing en·sue intr.v. en·sued, en·su·ing, en·sues 1. To follow as a consequence or result. See Synonyms at follow. 2. To take place subsequently. downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in the economy. The lean times forced companies to take a hard look at their costs and diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. their revenue sources. "The result is that as the economy recovers many information companies are performing very well. There is much more talk of new launches and growth than I've heard in some time. My expectation is that we will see these trends continue in 2005." Oswald wrote in the December 13 issue of Hotline, NEPA's newsletter: "It seems that collectively we have once again turned the corner as an industry. The German philosopher and poet Friedrich Nietzsche Friedrich Wilhelm Nietzsche (October 15, 1844 – August 25, 1900) (IPA: [ˈfʁiːdʁɪç ˈvilhelm ˈniːtʃə]) was a nineteenth-century German philosopher. once wrote, 'That which does not kill me makes me stronger.' I believe that our members have been tested over the past few years, but have emerged stronger as a result. We have improved our operations, found new sources of revenue, and are again focused on building our businesses." NEPA, 1501 Wilson Blvd., #509, Arlington, VA 22209 703-527-2333, fax 703-841-0629, www.newsletters.org. |
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